There is a lot that baseball can teach us about economics. In part one, we looked at creative destruction, subjective value, and how both economic principles are at play in baseball. Now let’s examine a few more. Self-Regulating Markets You… Read More
Baseball is a game of failure; you are going to groundout, flyout, and strikeout more than you are going to get a base hit or a walk. And there’s a lot that the sport can teach about economics, too. Let’s… Read More
The United States is the world’s largest economy, recording a national output of $21.526 trillion. Private companies produce goods and services the entire planet enjoys daily. From the Apple iPhone to a McDonald’s Big Mac, the American economy has had… Read More
President Donald Trump suddenly tweeted this week that he would be putting tariffs on steel and aluminum exports from Argentina and Brazil. He pointed out that the South American countries are devaluing their currencies, leaving U.S. industries at a disadvantage…. Read More
